Board of Directors - Minutes (09.30.2020 - 5:00PM BRT)

NATURA &CO HOLDING S.A.
National Register of Legal	Publicly-Held Company	State Registration (NIRE)
Entities of the Ministry of		35.3.0053158-2

Economy (CNPJ/ME) No.

32.785.497/0001-97

MINUTES OF THE BOARD OF DIRECTORS' MEETING

HELD ON SEPTEMBER 30, 2020

1. Date, Time and Place: On September 30, 2020, at 5:00pm, by conference call.

1. Call Notice: Waived due to the attendance, by conference call, of all members of the Board of Directors, under paragraph 2, article 15 of the Bylaws of Natura &Co Holding S.A. ("Company"), as amended on the date hereof at the Company's extraordinary general meeting.

1. Quorum: All members of the Company's Board of Directors were in attendance, namely: Guilherme Peirão Leal, chairman of the meeting and co-chairman of the Board of Directors; Antônio Luiz da Cunha Seabra, co-chairman of the Board of Directors; Pedro Luiz Barreiros Passos, co-chairman of the Board of Directors; Roberto de Oliveira Marques, executive chairman of the Board of Directors; Gilberto Mifano, independent director; Carla Schmitzberger, independent director; Fábio Colletti Barbosa, independent director, Jessica Dilullo Herrin, independent director; Ian Martin Bickley, independent director, Nancy Killefer, independent director, W. Don Cornwell, independent director, and Andrew George McMaster Jr., independent director. Mr. Moacir Salzstein, secretary of the meeting, was also present.

IV. Presiding Board: Mr. Guilherme Peirão Leal presided over the meeting, and invited Mr. Moacir Salzstein to act as secretary.

1. Agenda: To resolve on the issuance of new common shares, with no par value, carried out form July 23, 2020 to September 29, 2020, as a result of the exercise call options or subscription of common shares issued by the Company, by the management and employees of the Company, as well as by the management and employees of its subsidiaries, directly or indirectly, participants of the current long- term incentive plans ("Plans"), as authorized pursuant to article 6, paragraph 2, of the Company's Bylaws.

VI. Resolutions: After discussions concerning the matters contained in the Agenda, the members of the Board of Directors unanimously approved, in view of the limit of the authorized capital of the Company, as established in article 6 of the Company's Bylaws, the issuance, without preemptive rights, of one million five hundred and one thousand seven hundred and five (1,501,705) of new nominative common shares, with no par value, at the total payment price of thirty-two million six hundred and forty thousand four hundred and fifty-nine Reais and sixty cents (R$ 32,640,459.60), subscribed by the Company's management and employees during the period from July 23, 2020 to September 29, 2020, therefore, the Company's share capital was increased fromsix billion nine hundred thirty-nine million, five hundred eighty-seven thousand nine hundred and fifty Reais and twenty-three cents (R$ 6,939,587,950.23), divided into one billion two hundred and fifty-two million one hundred and sixteen thousand and four hundred and thirty-five (1,252,116,435) common shares, all registered and with no par value, tosix billion, nine hundred seventy-two million, two hundred twenty-eight thousand, four hundred and nine Reais and eighty-three cents (R$ 6,972,228,409.83), divided into one billion, two hundred and fifty-three million, six hundred and eighteen thousand and one hundred and forty (1,253,618,140), as a result of the exercise call options or subscription of common shares issued by the Company, by the management and employees of the Company, as well as by the management and employees of its subsidiaries, directly or indirectly, participants of the Plans. The new shares shall be

entitled to, in equal conditions of the shares currently issued, all its aspects and benefits, including dividends and eventual capital compensations that may be distributed by the Company as of its date of issuance.

VII. Closing: The Chairman thanked the presence of all and ordered the adjournment of the meeting, first suspending the same, so that these minutes could be drawn up, which after being read, discussed and found to be in order, were approved, according to votes cast by e-mails and signed by the board and by the attending directors. São Paulo, September 30, 2020. Presiding Board: (aa) Guilherme Peirão Leal, President. Moacir Salzstein, Secretary. Board of Directors Members: (aa) Antônio Luiz da Cunha Seabra, Guilherme Peirão Leal, Pedro Luiz Barreiros Passos, Roberto de Oliveira Marques, Gilberto Mifano, Fábio Colletti Barbosa, Carla Schmitzberger, Jessica DiLullo Herrin, Ian Martin Bickley, Nancy Killefer, Andrew George McMaster Jr. and W. Don Cornwell.

I hereby certify that these minutes are a true copy of the original transcribed in the Company's book.

São Paulo, September 30, 2020.

__________________________________

Moacir Salzstein

Secretary